Procter & Gamble Company (The) (NYSE:PG) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,211 shares of the company's stock after selling 2,362 shares during the quarter. Procter & Gamble comprises about 0.6% of Securian Asset Management Inc.'s portfolio, making the stock its 26th biggest holding. Securian Asset Management Inc.'s holdings in Procter & Gamble were worth $21,168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PG. Navigoe LLC acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in Procter & Gamble during the fourth quarter worth approximately $31,000. Hoey Investments Inc. grew its position in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after buying an additional 148 shares during the last quarter. 10Elms LLP bought a new position in shares of Procter & Gamble in the fourth quarter valued at $34,000. Finally, Sunbeam Capital Management LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter valued at $34,000. Institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Raymond James Financial cut their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Evercore ISI restated an "outperform" rating and set a $190.00 price objective (up previously from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a report on Thursday, May 1st. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $178.45.

Insider Activity

In other news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer owned 51,965 shares of the company's stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider directly owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Trading Down 1.0%

Shares of NYSE PG opened at $156.95 on Monday. The business has a 50 day simple moving average of $161.77 and a 200 day simple moving average of $164.88. Procter & Gamble Company has a 52 week low of $155.95 and a 52 week high of $180.43. The stock has a market cap of $367.98 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 4.47 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.52 earnings per share. On average, research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.69%. Procter & Gamble's dividend payout ratio is currently 67.14%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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